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    Home > Chemicals Industry > International Chemical > Bayer sells pest control business for 2.4 billion euros

    Bayer sells pest control business for 2.4 billion euros

    • Last Update: 2022-04-24
    • Source: Internet
    • Author: User
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      German pharmaceutical and chemical giant Bayer announced on March 10 that it has agreed to sell its pest control business to private equity firm Cinven for $2.
    6 billion

    .
    The transaction is expected to close in the second half of this year

    .

      Bayer said the deal will simplify the crop science unit's portfolio and ensure it is more focused on its core agricultural business
    .

      Bayer's Pest Control business provides environmental solutions for the control of pests and weeds in non-agricultural sectors such as vector control, professional pest management, vegetation management, forestry, turf and ornamental plants
    .
    In 2021, approximately 800 employees support operations and sales in more than 100 countries

    .
    Headquartered in North Carolina, USA

    .
    Bayer announced the spinoff of the business in February 2021

    .



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